The dollar traded sharply lower versus majors as investors turned bearish for the greenback heading into the first FED meetings for 2019, sending the index lower across the board. The sterling is now trading at six month highs versus the dollar while Gold is trading at above the 1300$ per ounce level for the first time since June 2018. US and EU equity markets welcomed the dollar weakness to close up more than a percent making January 2019 the best opening month in the past 15 years. Oil traded higher to close at 53.5$ per barrel on renewed markets optimism and the weaker dollar. US tech earnings and the FED meeting are likely to dominate the agenda this coming week.
ECB President Draghi speech at 3 pm and BOE Gov Carney speech at 3:30 pm are the important news on the agenda Monday.
Swing trades follow up
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